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now!" >> i think it is a vital tool. i have been intimately involved with the condition u.s government has been involved in and i consider without a doubt it has been very successful as far as producing intelligence. >> as counter-terrorism czar john brennan heads to capitol today for his confirmation hearing to head the cia, we will look at his role in the government's secretive post-9/11 rendition program. we will speak with amrit sing, author of the new report, "globalizing torture: cia secret detention and extraordinary rendition." >> the american public needs to know what its government did. grabbing people off the street, flying them to secret cia prisons to be locked up, shut out, held in detention and subjected to interrogation, and many instances that amounted to torture. >> then radio ambulante and the power of radio. >> we begin at the world's busiest border crossing in tijuana. it is rush hour and a mass exodus into the u.s., each with a particular mission and a baggage to prove it. summer caring suitcases, others carrying school books. >> an spanish-language radio program
, a secret base in saudi arabia was revealed, first yeaused to kill this man. he was also a u.s. citizen and the obama administration agreed to show congress the legal opinion justifies such attacks. the white house argues that from strikes effectively target america's enemies but critics cite heavy civilian casualties and the u.s. relies on them too much. >> the drone is the only weapon that really frightened insurgents. it is ineffective. we cannot possibly kill these people one at a time and expect to come out on top. >> they are clearly not invincible. iranian tv has shown these pictures that come from a u.s. surveillance drone they captured two years ago. it's interesting timing. >> with me here in the studio is a former adviser to president obama's special up is that it to afghanistan and pakistan. you understand this area of the world very closely. how important is this to the national security? >> it has killed a number of al qaeda leaders but it has not decimated the organization completely. it has pushed them to move into other areas of the middle east. also, at a very high pol
." >> this is "bbc world news america." on the floor of the u.s. senate, protesters delay the confirmation hearing for america's next spy chief. teargas and riot police on the streets of tunis as the country's fledgling democracy struggles to survive a crisis we know it is not good for us but it is not fun, but why are so many people doing it? fledglingntry's democracy struggles to survive. we know that it is not good for us, but wire so many people doing it? welcome to our viewers on public television in america. america's drone program came -- undere nomination fire at the nomination hearing for john brennan. the man that president obama has tapped to be his next spy chief says that the white house goes through agony to make sure that there are no collateral deaths in these attacks. >> a panel of senators brimming with questions. barely a few words in, the first interruption but not from politicians. >> i am honored to appear before you today as the president's nominee. >> would you hold please? i will ask the police to please remove this woman. >> four times, protesters interrupted at the heari
and we have work to do. fighting hunger in the u.s. as we work together, we can stamp hunger out. pbs station from viewers like thank you. tavis: jamie williams is a noted author. she is -- amy wilentz is a noted author. her latest revisits the nation of haiti. it is called "farewell, fred voodoo." we should start by talking about the title. >> friend voodoo is a name the international press corps used to name for the haitian on the street. what i would like to say is they are trained to go deeper than that and not just have a stereotypical view of haitians and what old colonists used to associate with their religion, but something real and in control of their own will, so farewell to the old image. let's look get the new -- look at the new haiti. tavis: what would you say is the typical american view? >> there is a lot of reality. impoverished. we associate in the u.s. poverty with backwardness, especially in a nation filled with akron people is american thing. and there is to do, -- is voodoo, and that image of them being associated with religion thought of assets -- as superstition
to testify about the pentagon's response to the attack on ought consulate. he said the u.s. didn't have enough time to respond. he says it's not like you can pick up the phone and call 911. mike emanuel is on the hill. set the stage for us on this hearing. >> reporter: it's designed to address the concerns of south carolina senator lindsey graham who threatened to hold up the confirmation for chuck hagel, his successor. so what did the president know about the benghazi attack september 11, when did he know about it and what did he do about it? sources i talked to say panetta and others are carrying out the orders of the commander-in-chief. so what were they and how were they handled. expect fireworks. rick: later on this afternoon the president's nominee the head of the cia takes center stage. >> reporter: expect john brenner to get plenty of questions about the use of enhanced interrogation techniques during this time at cia. he left there in 2005. at the white house they are emphasizing brennan's experience. >> mr. brennan brings, i think, not on a vast amount of experience, but a sig
on the u.s. consulate in libya. panetta defended the u.s. military's response to the attack that killed ambassador chris stevens and three other americans. he told the committee there were no specific signs of an imminent attack on that building. >> i firmly believe that the department of defense and the u.s. armed forces did all we could do in the response to the attacks in benghazi. we employed every asset -- >> he also said it would have taken at least nine hours to deploy u.s. gun ships or fighter jets to the area. the government is still looking for those responsible for that attack. >>> meanwhile secretary panetta is criticizing budget cuts that forced the department of defense to cut the number of aircraft carriers it has in the persian gulf region from two to one. planned for the uss harry s truman have been cancelled, he says a reduced military presence around the world effects the ability of the u.s. to respond quickly to a crisis. >>> the pentagon has not yet commented on iran's broadcast of video it claims was extracted from a cia spy drone captured in 2011. the footage was
the hearing resumed, brennan defended u.s. actions in the war on terror, but he acknowledged the c.i.a. is not immune from scrutiny. >> i have publicly acknowledged that our fight against al queda and associated forces has sometimes involved the use of lethal force outside the hot battle field of afghanistan. accordingly it is understandable there is great interest in the legal basis as well as the thresholds, criteria, processes, procedures, approvals and review for such actions. i have strongly promoted such public discussion with the congress, and with the american people as i believe our system of government and our commitment to transparency demand nothing less. >> reporter: late wednesday, mr. obama directed that the house and senate intelligence committees be given a classified memo on drone strikes abroad. it lays out the legal rationale for targeting american terrorism suspects. brennan has helped manage the program. oregon democrat ron wyden had pressed for release of the memo. he went directly to the issue during his first pass at questioning brennan. >> what should be d
angeles police office wanted for murder. >> suarez: we turn to iran as the u.s. tightens sanctions but tehran shows no signs of halting its nuclear program or engaging in talks. >> brown: from our american graduate series, we have the story of a chicago non-profit that aims to change the lives of would-be dropouts. >> what's interesting about one goal is that it pinpoints and targets low-income, underperforming students in non- selective chicago public schools, students who are least likely to graduate from high school, let alone college. >> suarez: we look at newly released documents showing leaders in the catholic church in los angeles shielded pedophile priests and failed to report allegations of child abuse. >> brown: and gwen ifill talks with biographer jeanne theo- haris, who offers a complex ait of the woman best known for refusing to give up her seat on an alabama bus in 1955. >> she is celebrated for one act and i think part of that celebration puts it all in the past, right, when the actual rosa parks keeps working on racial and social justice issues all the way up to the
york. >> susie: even though those retail numbers are a positive sign for the u.s. economy. investors were worried about some not so good signals today about europe's economy. stocks turned negative on comments from europs central bank president saying the strong euro could dampen europe's recovery. here on wall street, the dow fell 42 points, the nasdaq lost three and the s&p slipped over two points. >> tom: still ahead, douglas burtnick joins us, he's with aberdeen asset management. >> susie: a battle is brewing between a big name hedge fund investor and apple. at issue: how to get apple to unlock value for shareholders. today david einhorn of greenlight capital sued apple to block a move that would stop the use of preferred shares. shareholders will vote on this at apple's annual meeting on february 27. what einhorn is proposing is that apple pay out more of its cash hoard to investors, using a special kind of preferred stock. einhorn has a lot at stake: his fund owns more than one million shares of apple, and wurle the stock rose a bit today, it's down 35% since its peak of $700 l
>>> they want to snow why another crew locked onto a helicopter. japanese and u.s. officials are urging the chinese to ensure such accidents don't happen again. a chinese navy aimed at a helicopter in mid-january. japa controls the islands. china and taiwan claim them. >> translator: it's extremely regrettable that such a unilateral provocative action has been taken. we will strongly urge the chinese to exercise restraint and not make the situation any worse. >> a spokesperson said she learned about the incident through the media. japanese government officials say the chinese are trying to give the impression they're not behind the incidents. >>> the u.s. defense secretary says it could have had grave consequences. l leon panetta says it could inflame intentions. >> they have to be part of family of nations in that region working gether. >> panetta said the united states, south korea and japan will do everything possible to ensure their territories are secu secure. he called on china to avoid antagonizing other nations. the former secretary of state said u.s. officials oppose
. in a speech last summer, brennen said the use of drone strikes by the u.s. has turned al qaeda into a, quote, shadow of once was. under president obama, the program has used to take out more than 400 targets in pakistan and the middle east. we'll continue to watch that. >>> potential cuts to the defense department budget are causing changes in the military operation. the pentagon says it will reduce the naval presence sense in the persian gulf. the uss harry trumman to head to the gulf has been canceled. defense secretary leon panetta warns under the automatic cuts, pentagon workers could face additional cuts. >>> vice president joe biden choked up after speaking about the recent tragedy at sandy hook. >> when people tell me that you can't prevent these kinds of occurrences, that doesn't mean we can't do something to god forbid if it happens again, diminish the carnage. it matters. it matters. >> biden may have been made an emotional appeal to house democrats last night, urging them to support the oh bam in administration's gun control agenda as the vice president recounted specific examples
's all according to one official. last year they got a memo saying the government can kill u.s. citizens abroad if they're trying to harm other americans. >>> marylanders sound off. the brown gun legislation started off debates today. our ken molestina is live in rockville where a town hall meeting on the issue just wrapped up. what did you find out? >> reporter: well, it was a packed house here at the town hall meeting. of course the lieutenant governor anthony brown on hand to talk about his proposal. and i'll tell you something, just based on my observation, it seems like more people came out to speak against this proposal than in favor of it. >> and by and large, while i appreciate the effort, i do not support the assault weapons ban. >> we applaud the courage for proposing common sense gun laws. >> reporter: both sides of the gun debate showed up to speak directly to one of the men spear heading a new legislation proposal. the lieutenant governor anthony brown. >> we have debate happening in indianapolis. but our goal is to improve the quality of life and to reduce crime. >> reporte
. >>> american spy secrets exposed? iran claims it has hacked into a captured u.s. drone. we have a live report. >>> and, john t is high drama on capitol hit. president obama's big pick for cia director up for con fir make in a few hours. but will members of his own party derail it? >> i don't know. >> lots of drama. good morning. welcome to "early start." i'm zoraida sambolinment. >> i'm john berman. it's thursday, february 7th. 5:00 a.m. in the east. let's get started. up first, brace yourselves, bundle up, buy a shovel. this will be a big one. at this moment a blaizzard watc is in effects for new england. a storm is headed that way and could be historihistoric. it could drop two feet of snow in some places and it all starts tomorrow. you told us this was coming yesterday, you were on top of this one. >> we're trying. boston could rival its worst blizzard from 2003 which had 27 1/2 inches. all of this talks about two storm systems coming together. the first one here, notice in the south, all instability, a tornado warming out there for plaquemines parish. this is moving off to the east. we wi
amendment right to due process, nor the u.s. law against killing americans abroad, nor the u.s. law banning assassinations, nor just the law against murder, nor the laws of war broadly legally constrain the president from ordering the type of assault that killed american citizen and prominent al qaeda figure on war al awlaki in yemen in 2011. al awlaki's son was also killed a couple of weeks after his father was killed. between those two killing, charlie savage at "the new york times" reported on the existence of a legal memo that the government was relying on to claim that the attack was legal. that memo is what is being disclosed to select members of congress tonight. it follows by two days the scoop by nbc news investigative correspondent michael isikoff, who this week on this show disclosed a white paper that was based on the reasoning of that secret memo. tonight's disclosure follows increasingly intense questioning of the administration on this matter by senate democrats, particularly by senator ron wyden of oregon, who today told reporters that while he understood that operations nee
, but not on saturdays. the u.s. postal service is dropping saturday letter deliveries to save billions. >> tom: i'm tom hudson. fresh pain at the pump. american drivers see a steep jump in gas prices: up 15 cents a gallon in the past week alone. >> susie: and the federal reserve says it's been hit, by cyber hackers. we look at u.s. businesses and just how safe their networks are. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. postal service says this summer it will stop delivering mail on saturdays, ending a service that began 150 years ago. cutting back to a five-day a week schedule will save $2- billion. the post office has been losing about $20 million a day, as e- mail useage ramps up and mail volume plunges. congress has required the post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable product. it is also a business that is disappearing at the rate of 5% a year. >> people pay
from a downed u.s. drone. >> surprising about-face from lance armstrong, admitted cycling cheater now planning to cooperate with anti-doping officials. >>> something you don't see in brooklyn. >> goat disoriented. >>> all that -- >> hey, i just met you. this is crazy. but here's my number so call me, may "b." >> barrett, you start. >> would you marry me? >> no. >> and all that matters. >> federal reserve says it has fixed what it calls a temporary vulnerability which allowed hackers to briefly breach one of its internal websites. >> saying the hackers could have made up with as much as negative $14 trillion. >> on "cbs this morning." >> there's a must smartphone app that lets you communicate with your house plants. the app is called i will die alone. >>> welcome to "cbs this morning." while you were sleeping in the west a massive search is under way in southern california a former police officer wanted for double murder is accused of shooting two police officers earlier this morning, killing one of them. >> it is happening in river side outside of los angeles. bi
, missouri, say the teen was very thin and the country released this video claiming the decoded a u.s. reconnaissance drone planes. it shows the u.s. base inside afghanistan and several other aerial shots. there reportedly drawn lost in december 2011. they insist they captured that missing plane. thethe obama administration hands over to the senate intelligence committee today. a classified document that justifies the killing of americans who are members of al-qaeda. the justice department memo says the u-s government may kill any american overseas. if a high- ranking government official believes they are top operatives for the terror group. the document says the government doesn't need to wait until an attack on america is imminent. the white house is sharing the memo in response to complaints about the secrecy of its drone policy. the obama administration hands over to the senate intelligence committee today. a classified document that justifies the killing of americans who are members of al-qaeda. expected to face. he is also expected to explain his role in the detention and inter
strike on the first night of the u.s. ground war in afghanistan. since then the u.s. has conducted over 400 drone strikes in pakistan, yemen, and monthlia, while the pentagon drone fleet has expanded from 50 to 7,500. for the past decade american drone policy has existed largely in the shadows. its legal just ficks and moral underpinnings largely relegated to debate among progress severe media outlets and concerned libertarians. now as john brennan, the architect of the u.s. drone policy and president obama's mick to head the cia readies to testify this afternoon on capitol hill, calls for greater transparency and legal justification for the killings have increased. the outcry reached a crescendo on monday when nbc's michael isikoff obtained a leaked white pair from the government suggesting that the u.s. government can kill american set zenz overseas without any specific intelligence indicating they are engaged in an active plot to attack the u.s. the expansive legal framework set off alarm bells. >> every american has the right to know when their government believes it's allowed to ki
, in some cases, u.s. citizens. >> jon: u.s. what now? u.s. who? i never thought some of the terrorists could be people on america's got talent. you have to be american to be on america's got talent, don't you otherwise it's cuba's got talent. i bet it's specific about when they can order the killing. >> the killing is allowed if they are leaders of al qaeda and an -- or an associated terror group. >> jon: no worries they won't kill you unless you are part of the al qaeda parent company. al qaeda in iraq, al qaeda in libya, euro al qaeda, chipotle. [ laughter ] oh, really they are not part of -- i thought al qaeda bought that from mcdonalds? either way it's delicious. [ laughter ] lest you worry that we're being too general about who we can target and it's too late to cancel your incredibly ill-advised spring break trip to the yemen sandals. [laughter] the leaked document lays out clear limitations of when terrorists can be targeted. we only take these kinds of actions when there's an imminent threat. >> jon: imminent threat. by definition that requires clear evidence to a specific atta
to the u.s. economy, to defense, to a whole list of things. >> defense is something that is definitely having some growing concerns. people keep asking the question, are we going to be safe if these cuts do in fact hit this year. the military is facing down $46 billion in defense spending cuts this year, most of that is due to sequestration which of course are those automatic spending cuts that will hit the federal government starting march 1 if congress doesn't act quickly to stop them. our partners at u.s.a. today obtained some of the planned cuts to the armed forces. they include the air force planning to cut aircraft maintenance by a third, support would be cut to more than 30 weapons systems. and the pentagon announced yesterday that the 5,000 crew members of the u.s.s. truman will be staying in norfolk and not deploying to the persian gulf saving hundreds of millions of dollars. outgoing defense secretary leon panetta spoke to u.s. d.a. about these concerns -- "u.s.a. today" about his concerns with these cuts. >> if something else came up in syria or mali or in libya, it wouldn't
to count on saturday mail delivery. but budget cuts are forcing the u.s. postal service to cut out saturday service. the post office says it will still deliver packages on saturday but letters and magazines will be limited to monday through friday. the move is expected to save $2 million a year but that's still short of the $16 million the postal service last last year alone. >>> maryland residents are speaking out in a big way about gun control in the free state. gun control legislation proposed by governor martin o'malley is raising passionate opposition statewide. >> yesterday in annapolis and rockville, gun control supporters and advocates spoke out about the bill and restrictions it will place on legal gun owners. ken molestina has more. >> i do not support the assault weapons ban. >> reporter: there were nays and yays. >> we applaud the courage of the o'malley-brown administration. >> reporter: both sides showed up on wednesday to speak directly to one of the men spearheading a new gun legislation proposal, the lieutenant governor anthony brown. >> we are debates happening on the gove
to your pbs station from viewers like you. thank you. >> brown: the u.s. postal service announced today it plans to end saturday mail delivery beginning in august. under the plan, post offices already open on saturdays will remain so. packages will also continue to be delivered on saturdays. but home and business mail would end. the move would save an estimated $2 billion annually. the postal service ended the last budget year with a record loss, nearly $16 billion. today's decision was criticized by several members of congress who may try to overule the agency. and the head of the letter carrier's union called the move "a disastrous idea that would have a profoundly negative effect." joining us now is postmaster general patrick donohoe. and welcome to you. you spoke today being in a "very scary position financially." how scary? >> well, here's where we are right flow. now. as you mentioned we had a pretty substantial loss last year and those were accounting losses. $11.1 billion of the $15.9 is attributed to prepayment for retiree health care that we didn't pay. we defaulted. you have
defense secretary leon panetta and general martin dempsey about the attack on the u.s. consulate in benghazi that resulted in the death of four americans. one week ago today, this committee heard from senator chuck hegel -- hagel to be the next defense secretary. the center of south carolina said he would put a hold on former senator hagel's nomination unless leon panetta agreed to testify. this is the first of two harris we will show you today. this and later this afternoon, the confirmation hearing for cia director nominee, john brennan, currently the counter-terrorism chief. >> good morning, everybody. we welcome secretary of defense leon panetta and the chairman of the joint chiefs of staff general martin dempsey to testify about the department of defense's response to the deadly terrorist attack on the u.s. temporary mission facility in benghazi, libya on september 11 and all of last year. the findings of its review following that attack, including lessons learned. i want to remind colleagues that we will receive testimony next tuesday morning the doved d.o.d. released a tim
-- buying a house just for suckers? controversial comments from a prominent housing economist. and the u.s. airlines/u.s. air her injurier. what it means the next time you fly. "the willis report" is on the case. ♪ gerri: all that and more coming up, but first, our top story tonight. nearly half the country bracing for major snowstorm. however, we are still dealing with the aftermath of another storm, sandy. but the red tape surrounding fema's national flood insurance program is leaving homeowners and businesses out in the cold with more on this, stephen moore, editorial board member for the wall street journal. welcome to the show. always great to have you here. >> thank you. gerri: you look like you're in a safe, warm place, which is good. [laughter] it's going to be a doozy, right? >> two feet of snow. gerri: i want you to hear what chris christie, the governor of new jersey, had to say. boy, is he upset with fema. here he is. >> people need to know how much money they're going to have from their flood insurance to be able to rebuild, repair their homes. the national flood insurance p
display ads on yahoo sites. the wall street journal reports american airlines and u.s. airways may announce a merger in a week or so. shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this 14,000 level in the dow. but there are going to be a lot of investors that see this train that has already left the station and want to get onboard. i think we are going to see an all-time high in the dow in the next 30 to 60 days. > wow. let's do some bonding: what do you think about the bond market? is this the time to buy there? > > for a short-term trader, yes. i think we have hit a near- term low. but over the long haul, rates are still really low historically.
's not very nice not knowing when we're pulling out. >> the pentagon is carrying u.s. presence overseas ahead of $55 billion budget cuts that kick in march 1st. >> this is not a game. >> outgoing defense secretary leon panetta says congress's avoidance of finding cuts is seriously damage america. >> they would degrade our ability to respond to crises precisely at a time of rising instability across the globe. >> the idea behind sequestration was that the budget cuts would be so objectionable here on capitol hill that congress would agree on an alternative. that's proven to be easier said than done i fought to not have the sequester in the first place, but the president didn't want to have to deal with the debt limit again before his re-election. >> they passed budgets that are wholly objectionable to most americans. they didn't become law because of that, because they don't have the support of the american people. >> if washington can't agree on a plan, some economists say up to 1 million people could lose their jobs. now here on capitol hill, senate democrats are said to be close to legislat
drone strikes against u.s. citizens. lawmakers are expected to zero on on mr. obama's chief terrorist adviser and what he knew and when he knew it. the tactic faces new recruit any of after release of confidential documents. >>> and there are documents showing drones used to kill members of al qaeda. that brought back after demands of the legal justification for the strikes. late wednesday the white house bowed to growing political pressure and agreed to hand over the documents to congress. >>> senator dianne feinstein said lawmakers should know what brennan knew and when he knew it. she released a statement, it is critical for the committee's oversight function to fully understand the legal basis for all the counterterrorism operation. >> last summer, brennan said the use of drone strikes by the u.s. has turned al qaeda into quote, a shadow of what it once was. under president obama, the program has been used to take out 400 terrorist targets in pakistan and the middle east. >>> potential cuts in the defense department have already faced changes in the military operations. the pentag
, issues in the u.s. on the fiscal front. obviously, growth around the world. i think we're all pretty constructive on those issues, but i'm sure there will be uppes and downs every year as there are this year. >> and in an hour tr now, we're going to talk to one banking analyst who says that the investment banks will continue to be more volatile than those at ubs because ubs has made a bigger cut. we'll speak to him in one hour's time. for now, i'm going to go back into the warm where it's not snowing as hard. meanwhile, my cameraman has built something very nice, a very nice snowman. he's even got a hat. >> we noticed that straightaway. >> and so did michael houston. carolin, whose hat is that, by the way? >> it's a hat, it's a snow hat from davos, as far as i know. it's a davos hat. >> a agageneric davos hat. next time we come back, i want some eyes and a nose. if we can do that, that would be very good. you've got an hour. thanks, carolin, thanks, kurt. >> now, the falling yen is helping to keep sony on its profit path. the home electronicsmaker is sticking by its outlook as the we
." but the cash-strapped u.s. postal service will eliminate mail delivery on saturdays. good evening, i'm jeffrey brown. >> ifill: and i'm gwen ifill. on the "newshour" tonight, we talk with postmaster general patrick donahoe. >> brown: then, president obama picks r.e.i. executive sally jewell to run the interior department. we look at how the cabinet is shaping up with many posts yet to fill. >> ifill: we have two stories from the middle east. margaret warner gets the latest from tunisia, the birthplace of the arab spring, where a leading opposition figure was assassinated today. >> brown: and ray suarez reports on the plight of syrian refugees who've fled to lebanon. >> at this tent camp in al-marj, in the eastern part of lebanon's bekaa valley-- only 25 miles from the syrian border-- refugees are struggling to adapt to a new, impermanent reality. >> ifill: and we close with a look at what's happening with the boy scouts, as they struggle to decide whether to lift a long-standing ban on openly gay members. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour
on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a lot. this comes at a time where they are tightening sanctions even more on iran. we saw saudia arabia, and take if you cannot get enough supply, we will pump a little bit more. melissa: that u.s. productivity fell 2% in the fourth quarter to its lowest level in nearly two years. what does the next day to say about our economic recovery? what do you make of that productivity number? that jumped out at me. >> the mov
a run for u.s. senate seat in kentucky next year going up against republican leader mitch mcconnell. cofounded by g.o.p. strategist karl rove already running negative ads against her. during the last election she appeared in ads endorsing the president. also using clips where she says obama carries great and obama is doing brilliant job. not exactly the kind of things that will help her in a state that voted overwhelmingly republican in the last election. she needs to get that straight if she is serious about running. that is my two cents more. coming up friday, got ready for something really, really exciting. a weekly segment focusing on top designerand trends in fashion and entertainment. this friday i will be sitting down with the fox business exclusive interview with supermodel and entrepreneur who will share some of the biggest secrets in fashion. you don't want to miss that.k ya great night, we will see you back here tomorrow. lou: good evening, everybody. president obama today stepped up his campaign to avoid the consequences of sequestration. an idea that originated i
and risk to the marketplace. >> reporter: although the u.s. economic recovery stalled out at the end of last year, there's hope for a rebound this year. at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> repo
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